# Indiana SB 104: Residential tax increment financing.

Indiana SB 104, Residential tax increment financing., is a First Regular Session 124th General Assembly (2025) Senate bill sponsored by Rick Niemeyer (Republican); status failed, last action 2025-03-03 (First reading: referred to Committee on Ways and Means) (as of 2026-10-17).

- Canonical: https://policyrisk.com/state-bill/IN-SB104-2025
- As of: 2026-10-17
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Indiana SB 104
- State: Indiana
- Session: First Regular Session 124th General Assembly (2025)
- Title: Residential tax increment financing.
- Status: failed
- Chamber: Senate
- Introduced: 2025-01-08
- Last action: 2025-03-03, First reading: referred to Committee on Ways and Means
- Sponsor: Rick Niemeyer (Republican)
- Cosponsors: 6
- Subjects: tax and fiscal policy, the house, ways and means
- Touches household money: no
- Roll calls: 1 (46 yes, 3 no in all)
- Economic provisions PRIA read: 0

## Summary

Provides, in the case of an allocation provision adopted after June 30, 2025, for a residential housing development program, that the redevelopment commission (commission) shall annually transfer at least 5% of the aggregate allocated tax proceeds from the allocation area to the unit that established the commission. Specifies that the unit must use the revenue for police and fire services that serve the allocation area.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Rick Niemeyer (Republican), Senate
- Cosponsor: Dan Dernulc (Republican), Senate
- Cosponsor: Harold Slager (Republican), House
- Cosponsor: Julie Olthoff (Republican), House
- Cosponsor: Lonnie Randolph (Democratic), Senate
- Cosponsor: Mike Aylesworth (Republican), House
- Cosponsor: Mike Bohacek (Republican), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2025-02-10 | Senate | Third reading: passed | pass | 46 | 3 |   |

## Actions (13)

- 2025-03-03: First reading: referred to Committee on Ways and Means (House)
- 2025-02-11: Referred to the House (Senate)
- 2025-02-10: House sponsor: Representative Slager (Senate)
- 2025-02-10: Cosponsors: Representatives Olthoff and Aylesworth (Senate)
- 2025-02-10: Third reading: passed; Roll Call 83: yeas 46, nays 3 (Senate)
- 2025-02-06: Amendment #2 (Niemeyer) prevailed; voice vote (Senate)
- 2025-02-06: Senator Randolph added as coauthor (Senate)
- 2025-02-06: Second reading: amended, ordered engrossed (Senate)
- 2025-01-28: Senator Bohacek added as third author (Senate)
- 2025-01-28: Senator Dernulc added as second author (Senate)
- 2025-01-28: Committee report: do pass, adopted (Senate)
- 2025-01-08: First reading: referred to Committee on Tax and Fiscal Policy (Senate)
- 2025-01-08: Authored by Senator Niemeyer (Senate)

## Bill text

- Engrossed Senate Bill (H): [PDF](https://api.iga.in.gov/2025/bills/SB0104/versions/SB0104.03.ENGS?format=pdf)
- Introduced Senate Bill (S): [PDF](https://api.iga.in.gov/2025/bills/SB0104/versions/SB0104.01.INTR?format=pdf)
- Senate Bill (S): [PDF](https://api.iga.in.gov/2025/bills/SB0104/versions/SB0104.02.COMS?format=pdf)

## Related bills

- SB 324: Criminal procedures. (signed)
- SB 231: Various corrections matters. (signed)
- SB 80: Code publication. (signed)
- SB 453: Various tax matters. (signed)
- SB 464: Financial institutions and consumer credit. (signed)
- SB 371: Workforce matters. (signed)

## Sources
- [Engrossed Senate Bill (H) (PDF)](https://api.iga.in.gov/2025/bills/SB0104/versions/SB0104.03.ENGS?format=pdf)
- [Introduced Senate Bill (S) (PDF)](https://api.iga.in.gov/2025/bills/SB0104/versions/SB0104.01.INTR?format=pdf)
- [Senate Bill (S) (PDF)](https://api.iga.in.gov/2025/bills/SB0104/versions/SB0104.02.COMS?format=pdf)

## Related
- [SB 324: Criminal procedures.](https://policyrisk.com/state-bill/IN-SB324-2025)
- [SB 231: Various corrections matters.](https://policyrisk.com/state-bill/IN-SB231-2025)
- [SB 80: Code publication.](https://policyrisk.com/state-bill/IN-SB80-2025)
- [SB 453: Various tax matters.](https://policyrisk.com/state-bill/IN-SB453-2025)
- [SB 464: Financial institutions and consumer credit.](https://policyrisk.com/state-bill/IN-SB464-2025)
- [SB 371: Workforce matters.](https://policyrisk.com/state-bill/IN-SB371-2025)
- [Indiana bills](https://policyrisk.com/states/indiana/bills)
- [Indiana state hub](https://policyrisk.com/states/indiana)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/IN-SB104-2025 (as of 2026-10-17).